The Week In Numbers: Trump Surprises Everyone

Donald Trump secured the necessary 270 electoral votes to beat Hilary Clinton to the White House. While Clinton had a higher share of the popular votes, Trump won the race to become the 45th President of the United State by capturing votes in key battlegrounds. The Republicans have not only won the Presidential election but they have also secured control of both the upper and lower Houses.

The famed “Popiah King”, Sam Goi, has pledged to sell his stake, which is estimated to be worth S$222 million, in Super Group (SGX: S10). Goi said he started acquiring the shares when they were trading below 15 cents a pop. He added that he has never sold a single share but gave some to his children. Super has agreed to a takeover by Dutch coffee giant Jacobs Douwe Egberts.

In other buyout news, ARA Asset Management (SGX: D1R) announced that founder and chief executive, John Lim, will lead a consortium  that includes Cheung Kong Property Group and Straits Trading Company (SGX: S20) to take the company private. The buyout price of S$1.78 represents a premium of 29% over the one-month volume weighted average price.

According to the Organisation of Petroleum Exporting Countries, Russia has agreed to limit its production of crude oil production. The oil cartel, which pumps about 40% of the world’s output, is trying to persuade producers outside the group to join a production cut to help stabilise prices.

And finally, Goldman Sachs has got it wrong again. Its recent howlers include getting price of oil wrong and now it has failed to predict the winner of the Presidential election. Ahead of the results, its economists said the Democrats only needed to win one of the very competitive states, namely, Colorado, Nevada or North Carolina to maintain a sizeable lead. Clinton won both Colorado and Nevada but still lost. How wrong can you be?

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